Pencils down, class. A virtual transcription assistant is here to make physical note taking obsolete.
Fireflies has raised $14m, per VentureBeat, which it will use to expand services and hire more people.
The startup uses AI to record video meetings…
… and automatically transcribe the audio with 90% accuracy, the company says. It can also transcribe prerecorded audio.
On top of making Zoom meetings more accessible to employees who are deaf or hard of hearing, other handy features include:
Join 1.5m+ professionals getting The Hustle daily news brief
Business and tech news in 5 minutes or less
- A transcript search function
- Comments and reactions
- Integration with other platforms, like Slack, Dropbox, Zapier, and CRMs
Fireflies is free until users hit 3k minutes
Then teams can pay for monthly ($10-$19) or custom plans with more space and perks.
CEO Krish Ramineni told VentureBeat the tech was used by 200k+ organizations last year, during which revenue also jumped 3x.
That makes sense because digital meetings were necessary during the pandemic…
… and they’re likely to stick around:
- A study that surveyed 22k+ working-age Americans estimated 23% of workdays will stay remote, 4x more than before the pandemic.
- Another found that ~81% of respondents want to stay home all or some days.
- In March, Zoom still expected a 41%+ revenue jump this year, even as pandemic restrictions relaxed.
Bonus: Letting AI take your notes may reduce Zoom fatigue.